This October 31st is International Savings Day, and Ficohsa commemorates it with a month full of valuable tips that will help you achieve goals and secure your future, as well as learn better ways to use your money and start practicing the habit of saving.
Savings is the percentage of your income that you set aside with the purpose of having economic resources available to invest in a future objective or use in an unexpected circumstance, such as an emergency.
It is important to plan personal and/or family savings to achieve your life projects. For this, it is important to keep track of your income and expenses.
You can invest your savings in:
- Buying your own home.
- Starting the business you’ve always desired.
- Making a down payment on the car you want to buy.
- Initiating or increasing your pension fund.
- Investing in your education or that of your children.
- Improving your financial situation, for example, by paying off your pending bills and improving your credit history.
- Going on planned vacations. Good management of income and expenses.
Savings is the result of good management of your income and especially your expenses. Therefore, it is very important that when you receive your income, whether it’s a salary, remittances, entrepreneurial income, or others, before allocating money to your expenses, you set aside and separate the amount you will allocate to your savings.
By doing this, you will be paying yourself first and contributing to growing that savings, which will improve your well-being and that of your family.
Regardless of the reason why you decide to save, what’s important is that you start adopting financial habits that will help you achieve a better quality of life.
At Ficohsa, we offer a variety of savings products that adapt to your needs, with special benefits to support your projects.
We have the Enjoy+ savings account, which offers an excellent interest rate to grow your investment; the Remittances savings account with automatic deposit of your remittance 24/7; the Classic savings account with an international debit card, and for the little ones, the Piggy Bank account.
You can open your savings account by visiting our branches nationwide or by accessing www.ficohsa.com.